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Global Power Rental Market By Fuel Type (Diesel, Natural Gas, Others), By Application (Peak Shaving, Base Load, Others.), By Equipment (Generators, Load Banks, Others), By Rental Type, By End-Users, By Region, Forecast & Opportunities to 2026

The global power rental market accounted for a value of USD 10.2 billion in 2019. Power rental market projected to register growth at a CAGR of 4.0% during forecast period.

COVID-19 has impacted all the businesses over the globe. The supply chain got disrupted due to travel restriction and manufacturing units and offices were closed due to lockdown. This reduces demand for power rental market. The market is likely to witness growth once situation moves back to normal.

Definition:

The power rental can be defined as generators renting. These generators work on diesel, gas or any other fuel. These generators are used for various commercial and industrial purposes. Renting generators are helpful in providing power when there is shortage of supply.

Market Dynamics (Drivers/Opportunities):

There many operations which happens at remote places such as oil & gas and mining etc. The highly inflammable nature of the extracted products is a threat for human life so the power illumination is a vital requirement for such operations. The renting generators are adopted by such industries at large scale in mining and oil & gas industries as the investments in also increasing. This drives growth in power rental market during forecast period.

Many new projects are estimated to launch in China, India and Australia in near future. The hydraulic fracturing is getting deployed in various regions such as North America and Asia-Pacific etc. According to data released by Australian Bureau of Statistics in 2019, there was around 18% increase in spent from previous year.  This drives growth in power rental market during forecast period.

Market Insights, by Fuel Type

On the basis of fuel type, the power rental market segmented into diesel, natural gas and others. The diesel segment is projected to be the fastest growing power rental fuel type market during forecast period. The diesel generators are economical in operations. The diesel fuel is easily available in almost all regions. They are very best for long-term use and it has a load capacity of 80%. They have maximum efficiency for operations. These generators provide voltage and power generation without peaks. All this factors are responsible for driving growth in diesel segment during forecast period.

Market Insights, by End-User

On the basis of end-user, the power rental market is segmented into utilities, oil & gas, events, construction, mining, telecom & datacenter, manufacturing and others. The utilities segment is estimated to register fastest growth during forecast period. Generation utilities are power generating firms, the generated power is then sold by different distribution utilities along with transmission utilities which acts as a bridge to deliver power from generation to distribution site. In some regions such a Asia-Pacific and Africa, the local grids are not capable of supplying reliable power and creates lot of fluctuations in power levels inside a grid. This increases demand for power rental market and drives growth in power rental market during forecast period.

Regional Insights

North-America region is estimated to dominate the power rental market during forecast period. The oil & gas market is expanding and investments in oil & gas and mining are increasing in this region. The construction industries are also registering high growth in this region and it utilizes rental power at large scale. The mining and its related exploration activities are rising in this region. This increases demand for rental power market in this region. This drives growth in power rental market during forecast period.

Key Companies & Market Share Insights

The key market players in power rental industry are Caterpillar, Atlas Copco, Cummins, United Rentals, Ashtead Group, AGGReko, Herc Rentals, Generac, Speedy Hire Plc., Wacker Neuson SE, Bredenoord, Allmand Brothers, Kohler Co., Soenergy International, Multiquip Inc., J & J Equipment Rentals and Temp-Power.

Segments Covered in the Report

This report forecasts The Global Power Rentals Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global power rental market report on the rated power, fuel type, application, equipment, rental type and end-users.

Power Rentals Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Power Rentals Market, By Fuel Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Diesel
  • Natural Gas
  • Others
  1. Power Rentals Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Peak Shaving
  • Stand-by Power
  • Base Load
  1. Power Rentals Market, By Equipment, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Generators
  • Load Banks
  • Transformers
  • Others
  1. Power Rentals Market, By Rental Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Retail Rental
  • Project Rental
  1. Power Rentals Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Utilities
  • Oil & Gas
  • Construction
  • Mining
  • Telecom & Datacenter
  • Manufacturing
  1. Power Rentals Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Fuel Type
    • By Application
    • By Equipment
    • By Rental Type
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Fuel Type
      • By Application
      • By Equipment
      • By Rental Type
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Fuel Type
        • By Application
        • By Equipment
        • By Rental Type
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Fuel Type
          • By Application
          • By Equipment
          • By Rental Type
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Fuel Type
            • By Application
            • By Equipment
            • By Rental Type
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Caterpillar
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Atlas Copco
    • Cummins
    • United Rentals
    • Ashtead Group
    • AGGReko
    • Herc Rentals
    • Generac
    • Speedy Hire Plc.
    • Wacker Neuson SE
    • Bredenoord, Allmand Brothers
    • Kohler Co.
    • Soenergy International
    • Multiquip Inc.
    • J & J Equipment Rentals
    • Temp-Power
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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